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CBN Raises Inflation Alarm as Rising Input Costs Threaten Business Margins
The Central Bank of Nigeria (CBN) has raised concerns about a potential surge in inflation, citing rising input…
Dangote Refinery Targets 100% Nigerian Crude by Year-End in Energy Sector…
Dangote Industries Limited has announced plans to fully switch its massive 650,000 barrels-per-day refinery to use…
CBN Rolls Out Stricter Loan Reporting Rules to Boost Transparency in Banks
The Central Bank of Nigeria (CBN) has introduced new guidelines to enhance credit reporting standards among…
Nigeria and South Africa Boost Intra-African Trade to $220.3 Billion in 2024
Intra-African trade rose significantly by 12.4% in 2024 to reach $220.3 billion, up from $196.04 billion in 2023,…
European Markets Climb as Investors Await U.S. Trade Moves; Mergers and Energy…
European stocks ended Monday’s trading session mostly higher as investors looked ahead to potential U.S. trade…
NGX Chairman Deepens Capital Market Collaboration with Dubai Financial Market
In a significant step toward enhancing cross-border market integration, the Chairman of Nigerian Exchange Group…
NCC To Spotlight Mobile Virtual Network Investment, Growth Potential At Forum
The Nigerian Communications Commission (NCC) will headline the sixth edition of the Telecom Sector Sustainability…
Apple Appeals $587M EU Antitrust Fine Over App Store Restrictions
Apple has officially taken legal action against a €500 million ($587 million) antitrust fine imposed by the…
Tinubu’s Tax Reforms Set Stage for Nigeria’s Economic Revival — IMPI
The Independent Media and Policy Initiative (IMPI) has hailed President Bola Tinubu’s new tax reforms as a…
European Markets Stall as Trump’s Tariff Threats Stir Global Trade Uncertainty
European shares remained largely unchanged on Tuesday, as investors weighed the potential impact of fresh tariff…
Naira Gains Slightly as Banks Resume International Use of Naira Cards
The Nigerian naira saw a modest appreciation on Monday across both the official and parallel foreign exchange…
CBN Temporarily Lifts Cap on Tier-1 Capital to Boost Bank Resilience Until March…
The Central Bank of Nigeria (CBN) has announced a temporary removal of caps on the recognition of Additional…
Nigerian Stock Market Begins Week Strong with N193bn Gain Amid Renewed Investor…
The Nigerian Exchange Limited (NGX) opened the week on a bullish note, recording a gain of N193 billion in market…
CBN Orders Banks to Submit Capital Restoration Plans as Forbearance Regime Winds…
The Central Bank of Nigeria (CBN) has mandated all affected banks to submit detailed capital restoration plans as…
Nigeria’s Fintech Crisis: Over $200 Million Lost as Startup Failures Surge
Nigeria’s fintech sector, once hailed as a beacon of innovation and investment in Africa, is witnessing an…
Investors Position for Q2 Earnings as NGX Market Capitalisation Surges by N377bn
The Nigerian Exchange (NGX) ended the first trading week of July 2025 on a bullish note, gaining N377.26 billion…
Naira Poised for Modest Gains as Forex Liquidity Improves, Say Analysts
The Nigerian naira is projected to remain stable and potentially gain value this week, trading between ₦1,500 and…
NCC Pushes Solar Energy to Cut Telecoms’ Diesel Dependency and Costs
The Nigerian Communications Commission (NCC) is spearheading a new initiative to promote solar energy adoption…
Sycamore MD: Fintech and AI Can Multiply Nigeria’s Retail Investors Tenfold in 5…
Oluwagbenga Magbagbeola, Managing Director of Sycamore Investment and Asset Management, explained the company’s…
Petrol Prices Fall Below ₦900 as Dangote Refinery Slashes Rates Amid Global Oil…
Petrol pump prices in Nigeria have dropped below ₦900 per litre, following a ₦40 cut in ex-depot prices by the…
Naira Holds at ₦2,200/£ Despite Weakened British Pound Amid UK Economic Concerns
Despite the British pound entering a correction phase globally, the Nigerian naira has remained stable at ₦2,200/£…
Stakeholders Rally Behind Intra-African Trade to Drive Economic Growth and…
Nigeria is intensifying efforts to accelerate the implementation of the African Continental Free Trade Area…
Nigeria’s growth rate to hit 4.2% amid improved oil output, business conditions…
Nigeria’s economic growth is projected to reach 4.2% in 2025, buoyed by rising crude oil output, improved business…
Ghana’s Inflation Drops to 13.7% in June, Marking Six-Month Decline
Ghana’s inflation rate dropped significantly to 13.7% in June 2025, according to new data released by the Ghana…
Telcos Blame NIMC Migration for SIM Service Disruptions, Apologize to Subscribers
The Association of Licensed Telecommunications Operators of Nigeria (ALTON) has addressed the recent disruptions…
Flutterwave Cuts Workforce in Kenya and South Africa Amid IPO Preparations
Flutterwave, the African fintech giant, has downsized its operations in Kenya and South Africa by laying off…
Nigerian Stock Market Surges by N379bn Amid Renewed Investor Optimism
The Nigerian stock market recorded a significant rebound on Tuesday, gaining N379 billion in market…
Nigeria’s ISP Market Shrinks as Economic Crunch Drives Consumers to Mobile…
New data from the Nigerian Communications Commission (NCC) reveals that the number of active internet users…
Nigeria’s Public Debt Climbs to N149.39 Trillion in Q1 2025, FGN Bonds Dominate…
Nigeria’s total public debt surged to N149.39 trillion at the end of the first quarter of 2025, marking a N4.72…
More networks, less value: Irony of Nigeria’s telecom landscape
Despite the licensing of over 40 Mobile Virtual Network Operators (MVNOs) by the Nigerian Communications…